Exploration ///

Wood has secured a new $13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.

According to Khalid Al-Falih, Saudi Arabia’s energy and industry minister and chairman of Saudi Arabian Oil Co., “the world is going to be Saudi Aramco’s playground.” If it is, then that will be partly because some others have ceded ground.

A year ago, things appeared to be looking up for Canada’s oil patch, but that proved unfounded. In early 2019, more uncertainty and pessimism are in the air, and little on the horizon provides hope for improvement.

The oil and gas industry relies heavily on external workers, in the field and in the office. A recent survey of senior oil and gas executives shows how the external workforce is sourced, managed and deployed—and how it adds value.

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.

India announced a third round of auctions in a year for oil and gas blocks under a more liberal policy, targeting to raise as much as $700 million in exploration investments as the country seeks to cut its reliance on imports.

Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units into four to streamline the company, according to a person familiar with the matter.

The Bureau of Land Management (BLM) has announced that 2018 was a record year for oil and natural gas lease sales – generating more than $1 billion – an amount that was nearly equal to the BLM’s budget for Fiscal Year 2018.

Apache Corporation has announced that its board of directors has approved a 2019 upstream capital budget of $2.4 billion. This represents a significant reduction from its previous 2019 investment plan, as well as from its actual upstream investment level in 2018.

Africa Oil Corp. has announced a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy (35%) and Impact Oil and Gas (30%).